Meet the Dividend King That's Down 50% and Yields More Than It Has in Years
Hormel Foods stock is definitely out of favor, but it's a rebound candidate with a tasty dividend.
Overview
While it tends to be a rewarding long-term strategy, dividend investing requires some trade-offs. Most notably, investors looking for steady, growing equity income will likely wind up embracing stocks with slower growth profiles than, say, a hot artificial intelligence (AI) stock.
That's certainly true of the largest consumer staples companies by market cap, a group that's home to some of the most dependable dividend payers on the market, but one that, broadly speaking, lacks exhilarating returns. Another rub with some dividend stocks is that, despite perceived safety, they deliver negative returns.
Hormel's dividend is high, but the stock may be a rebound candidate. Image source: Getty Images.
Details
Source
Originally published at www.fool.com.